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Companies / Healthcare / Opus Genetics, Inc.
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Opus Genetics, Inc.

HealthcarePharmaceutical Preparations
Ticker IRDDURHAM, NCFiscal year ends DecemberBook value per share $-0.14Diluted shares 91.2M

Opus Genetics, Inc. (Nasdaq: OPGS) is a clinical-stage biopharmaceutical company developing gene therapies and other treatments for inherited retinal diseases and ophthalmic disorders. The company was founded in February 2018 as Ocuphire Pharma, Inc. and has undergone several significant transactions, including a… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$14.20M
+29.1% year over year
Last 12 mo $9.86M
-271.90%
+292.8 percentage points
Last 12 mo -513.47%
$-49.59M
+13.8% year over year
Last 12 mo $-107.61M
-323.11%
+532.5 percentage points
Last 12 mo 828.66%
Cash & financing
$-35.25M
−37.8% year over year
Last 12 mo $-40.67M
$-35.25M
−37.8% year over year
Last 12 mo $-40.67M
0.07
Last 12 mo -2.79
62.2M
+132.9% year over year
Last 12 mo 91.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Opus Genetics, Inc. does

In the company’s own words

Opus Genetics, Inc. (Nasdaq: OPGS) is a clinical-stage biopharmaceutical company developing gene therapies and other treatments for inherited retinal diseases and ophthalmic disorders. The company was founded in February 2018 as Ocuphire Pharma, Inc. and has undergone several significant transactions, including a merger with Ocularis Pharma in 2018, acquisition of rights to the Ref-1 inhibitor program in 2020, a reverse merger with publicly traded Rexahn Pharmaceuticals in 2020, and the acquisition of Private Opus Genetics in October 2024.

The company's primary focus is developing gene therapies based on adeno-associated virus (AAV) vectors to address the underlying genetic causes of severe retinal disorders. The pipeline includes seven AAV-based programs in various stages of development, with OPGx-LCA5 for Leber congenital amaurosis and OPGx-BEST1 for BEST1-related retinal degeneration as the most advanced candidates. Additional programs target mutations in RHO, CNGB1, RDH12, NMNAT1, and MERTK genes. The company also develops Phentolamine Ophthalmic Solution 0.75%, a small-molecule therapy that received FDA approval under the brand name RYZUMVI® for pharmacologically induced mydriasis in September 2023 and is being evaluated for presbyopia and low-light vision disturbances following keratorefractive surgery.

Opus has established strategic partnerships to advance its pipeline. In November 2022, the company entered into a license and collaboration agreement with Viatris, Inc., granting exclusive worldwide commercialization rights for phentolamine ophthalmic solution outside certain Asian countries. RYZUMVI® was commercially launched by Viatris in April 2024. The company also benefits from grant funding and co-development partnerships with organizations including the Foundation Fighting Blindness, National Institutes of Health, and international healthcare entities.

The company does not currently generate significant revenue from product sales and relies on clinical development activities and strategic partnerships. Opus contracts with external manufacturers for drug substance and product manufacturing and does not operate its own manufacturing facilities. The company targets rare genetic diseases affecting hundreds of thousands of patients globally, positioning itself to potentially benefit from regulatory advantages available for orphan and rare pediatric diseases.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
DURHAM, NC
Fiscal year end
December
CIK
1228627
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-122.36M$-78.12M$-33.88M$10.36M$54.60M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Opus Genetics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

48
funds hold it
0 of 35
superinvestors hold it
$24.71M
held by funds, at market
7.2%
of shares held by funds

Largest fund holders · Opus Genetics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.01%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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